Revised forecast
Fiscal year ending December 2026 · Full yearPrevious forecast published 13 February 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
The revision reflects second-quarter results exceeding expectations due to higher unit sales in the MC business, mainly in emerging markets, refunds of reciprocal tariffs in the United States, and yen depreciation; the expectation that the impact of additional U.S. tariffs will be lower than initially assumed; and the effects of cost-reduction measures. The forecast also includes higher raw-material costs associated with the situation in the Middle East and one-off expenses related to structural reforms in the OLV business.
One-off expenses related to structural reforms in the OLV business (amount not disclosed)
| Item | Details |
|---|---|
| Net Sales | ¥2,700,000 million → ¥2,900,000 million（+7.4%） |
| Operating profit | ¥180,000 million → ¥260,000 million（+44.4%） |
| Profit attributable to owners of the parent | ¥100,000 million → ¥170,000 million（+70.0%） |
| Net income per share | 103.05 yen → 175.16 yen |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 13 February 2026 |
| Previous-period results | Revenue: ¥2,534,203 million; operating profit: ¥126,373 million; profit attributable to owners of the parent: ¥16,109 million; basic earnings per share: ¥16.59 |
| Reason for the revision | The revision reflects second-quarter results exceeding expectations due to higher unit sales in the MC business, mainly in emerging markets, refunds of reciprocal tariffs in the United States, and yen depreciation; the expectation that the impact of additional U.S. tariffs will be lower than initially assumed; and the effects of cost-reduction measures. The forecast also includes higher raw-material costs associated with the situation in the Middle East and one-off expenses related to structural reforms in the OLV business. |
| Details and amount of extraordinary loss | One-off expenses related to structural reforms in the OLV business (amount not disclosed) |
| Dividend forecast revision | No change (annual dividend forecast) |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In addition to second-quarter results exceeding expectations due to higher unit sales in the MC business, mainly in emerging markets, refunds of reciprocal tariffs in the United States, and yen depreciation, the revised forecast reflects the expectation that the impact of additional U.S. tariffs will be lower than initially assumed and the effects of cost-reduction measures. At the same time, the forecast includes higher raw-material costs associated with the situation in the Middle East and one-off expenses related to structural reforms in the OLV business.